Sage Mobile Payments launches February 2011 and will offer small and mid-sized businesses (SMBs) a low monthly fee, absolutely no incremental processing fees and an optional highly secure card reader that plugs into a mobile device’s audio jack. End-to-end encryption from the card reader device to the application is now a requirement in the business community, and Sage Mobile is leading the way in meeting that demand.

While other vendors are fighting it out over no monthly fees but very high processing fees, Sage Mobile is saying no to marking up processing fees, which is the right thing to do for SMB customers that process a lot of volume.

Sage is focused on a reasonable monthly fee and no additional markup on processing fees which is much more cost effective for the SMB customer. SMBs need to look at the total cost of ownership. For example, competing mobile payment solutions can add 1% plus an additional .15 to .37 cents to the processing fees, which is well over $130 in extra fees for every $10,000 in credit card volume.

Sage is also helping SMBs increase sales via mobile payments while providing efficiencies by connecting Sage Mobile Payments and other point-of-sale (POS) terminals to Sage Exchange, Sage’s new integrated payments platform that automatically posts payments data in Sage’s accounting and ERP solutions and other third party software partners that are connected to Sage Exchange.